Get Guardian on GoogleThe Economic and Financial Crimes Commission (EFCC) has traced money laundering activities in excess of $300,000 to a suspected internet fraudster.
In a statement on Tuesday, the anti-graft agency said the suspect was among 35 others arrested on Sunday, May 4, 2025, in Sabo Iyako area of Auchi, Edo State, following credible intelligence that linked them to fraudulent internet activities.
“As a :picker’ or ‘azaman’ in internet fraud lingo, investigations revealed that the suspect had collected and laundered over $300,000 (Three Hundred Thousand United States Dollars) for his syndicate members who are at large. Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud.
“He will be charged to court as soon as investigation is concluded,” EFCC said.
